Real estate appraisal services for homeowners in Baltimore Metropolitan Area. Check out the top 7 reasons why MD homeowners need Omotoso & Associates:
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Pre-listing appraisals (whether they're selling the home on their own or using a real estate agent)
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Challenge property tax assessments
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To lower a mortgage payment by removing PMI
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Reinstate their Home Equity Line of Credit (HELOC)
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Verify another appraiser's report
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In the case of a MD divorce, when real estate needs to be divided
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Determine the true market value of real estate in question to settle an estate.
At Omotoso & Associates, we understand the particular needs of a consumer seeking appraisal services. While our typical clients understand the appraisal process and standard reporting formats, you as a consumer will get extra service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
For-Sale-By-Owner (FSBO) / Pre-Listing Services
Since you have an emotional attachment to your home, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic price to sell at so your home will attract interested buyers, a professional appraisal is a crucial negotiating tool once you have an interested buyer. It's something tangible to show the buyer. It's an independent third party's opinion of your home's value, and not just you saying how much you think your home is worth. Potential buyers assume you have an emotional attachment to your house and will be more likely to give credibility to an accomplished appraiser's value opinion than yours.
Need to cancel PMI?
Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is a fashionable way to save money for homeowners. Your monthly payments will go down once your mortgage loan amount is less than 80% of the value of your house. In most cases you can apply to your lender to have the PMI removed from your loan. We're qualified in helping homeowners just like you rid themselves of undesirable PMI insurance.
Challenge property tax assessments
Lets say you live in an area that is declining -- your local tax assessor may have your house overvalued. This means you are most likely paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the faster you take care of a matter like this, the better off you'll be. When contesting your property tax assessment, getting an appraisal report from Omotoso & Associates is your chief weapon.
Was your HELOC recently frozen?
If your house is near a declining area, your lender just might make the decision to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can this be inopportune from a cash flow angle, and harmful to your credit score since it may appear as though that credit line is maxed out. Omotoso & Associates can help you reinstate your home equity line of credit with a professional appraisal.
We Provide Field and Desktop Appraisal Review Services
Have you just been given a copy of your appraisal and you'd like to have a veteran appraiser double-check it for efficiency or do you want a second opinion without the expense and delay of waiting for a whole new appraisal? In a field review we will go out and check the subject and comps in question. Or, if you need it in a rush, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.
Do you need a retrospective review of an appraisal? Omotoso & Associates can help you with that. Even though this is usually requested by banks, you may want to use this service if you suspect mortgage fraud related to your property.
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